If you are uninsured you have new health insurance options under the Affordable Care Act.
Things you should know:
- The ACA requires most people to have health insurance or pay a fee to the federal government if they don’t.
- The health reform offers new benefits, rights and protections that make health insurance coverage more affordable and better.
- All Health plans offered through Connect for Health Colorado provide more comprehensive coverage, in compliance with new requirements.
- The ACA gives consumers more options to choose from through health insurance Marketplaces with competitive prices.
- Under the new reforms you may be eligible for an Advanced Tax Credit, Cost Sharing, Medicaid or CHIP.
- Colorado’s Marketplace, Connect for Health Colorado, offers consumers health, dental and vision plans.
- Some groups are exempted from the penalty fee for not having insurance in 2014.
The official ObamaCare enrollment period ended on March 31, 2014. Important Notice: Its urgent, to avoid future fines and penalties, to sign up for health insurance under the Affordable Health Care Act.
Colorado Individuals & Families: Find out the most cost efficient healthcare insurance for you.
Some of the major benefits, protections and rights offered by ObamaCare include:
- Mandatory coverage for pre-existing conditions.
- The elimination of annual limits.
- No discrimination based on gender.
- Essentials Health Benefits coverage.
- Preventive services at no out-of-pocket costs.
The minimum set of benefits and services that are included in health plans are:
- Ambulatory patient services
- Emergency services
- Maternity and newborn care
- Mental health and substance use disorder services, including behavioral health treatment
- Prescription drugs
- Rehabilitative and habilitative services and devices
- Laboratory services
- Preventive and wellness services and chronic disease management
- Pediatric services, including oral and vision care
You may be eligible for a new kind of tax credit to reduce the monthly cost of health insurance if:
- You are an individual earning approximately $15,000 to $45,500 per year.
- You are a couple earning approximately $21,500 to $62,000 per year.
- You are a family of four earning approximately $31,000 to $94,000 per year.
You may be eligible for health plans with lower deductibles, co-payments or coinsurance if:
- You are an individual earning approximately $15,000 to $33,000 per year.
- You are a couple earning approximately $21,000 to $38,000 per year.
- You are a family of four earning approximately $34,000 to $71,000 per year.
If you need help determining your household income, the Marketplace uses an income calculation method called “Modified Adjusted Gross Income” or MAGI.
You can access Colorado’s ObamaCare website online.
You may qualify for an exemption if:
- You’re uninsured for less than 3 months of the year (Coverage Gap).
- The lowest-priced coverage available to you costs more than 8% of your household income.
- You don’t have to file a tax return because your income is too low.
- You’re a member of a federally recognized tribe or eligible for services through an Indian Health Services provider.
- You’re a member of a recognized health care sharing ministry.
- You’re a member of a recognized religious sect with religious objections to insurance, including Social Security and Medicare.
- You’re incarcerated, and not awaiting the disposition of charges against you.
- You’re not lawfully present in the U.S.
If you have any of the circumstances below you may qualify for a “hardship” exemption: